Security tensions in the Middle East have intensified following the reported sinking of two cargo ships near the Strait of Hormuz, declining oil shipments through the strategic waterway and reports that the US is preparing additional strike options against Iran.
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Dubai master-developer Emaar Properties plans to invest more than $16 billion in real estate and tourism development projects in Syria, with investment decisions guided by economic feasibility, development potential and social responsibility amid ongoing economic and geopolitical challenges, said its top official.
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The Royal Commission for Riyadh City (RCRC) has awarded contracts worth SAR5.5 billion ($1.47 billion) to German industrial giant Siemens and French rolling stock manufacturer Alstom for 94 new train sets for its Riyadh Metro network. Deliveries are set to begin in 2028, with the trains to be supplied in phases.
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Artificial Intelligence (AI) could unlock more than $1 trillion across the Middle East by 2030, including $200 billion through sustainable finance and $370 billion through public investment. a new World Economic Forum report says.
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GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.
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Dalipal Holdings, a leading Chinese manufacturer of pipes and equipment for the oil and gas sector, has signed a 25-year land lease deal with King Salman Energy Park to set up its manufacturing base at SPARK. The company is set to invest $600 million in the first phase of its major Saudi complex.
Omran Group has signed strategic agreements worth RO122 million ($316 million) with Grova Developments, the real estate unit of Hassan Allam Holding and Omani group Aurelian Development to deliver integrated residential and tourism projects at Madinat Al Irfan and Yiti tourism projects in the sultanate.
International Monetary Fund (IMF) has warned that AI was hitting the global labour market like a 'slow-moving tsunami,' with young graduates first in line to be knocked down while the World Bank called for governments to make 'crisis-era' support measures a permanent tool for getting young people into work.
Saudi authorities have extended the suspension of operations at King Khalid International Airport in Riyadh until Saturday, October 17, as Houthi attacks disrupted air travel and prompted airlines across Europe, Asia and the Middle East to suspend or postpone services to the Saudi capital.
Saudi Arabia is accelerating its housing, transport and urban development programmes, with more than 63,000 Saudi families becoming first-time homeowners in the first half of 2026 and Riyadh advancing a wide range of infrastructure projects aimed at improving mobility, expanding residential options and supporting the capital’s long-term growth.
Saudi Arabia is studying plans to expand its East-West Pipeline capacity to 10 million barrels per day, Energy Minister Prince Abdulaziz bin Salman said at the WPC Energy Congress in Riyadh.
AquaIndex, a water asset management and pricing company, has announced plans to launch a dedicated regional water token for the UAE as part of its strategy to expand globally and build a digital infrastructure for the documentation, pricing, ownership management and trading of water reserves using real-world asset (RWA) tokenisation technology.
The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has approved the federal general budget for the years 2027–2029, totalling AED292.5 billion, up 28.3% over the previous three years.
The UAE’s net wealth is forecast to reach $6 trillion by 2030, with a CAGR of 10.6%, according to Boston Consulting Group’s (BCG) Global Wealth Report 2026: The Great Reordering.
Leading UAE developer Aldar has announced the signing of an AED1.1 billion ($300 million) forward purchase agreement with Arada for three residential blocks comprising over 1,100 units across nine buildings in Aljada, Sharjah’s flagship mixed-use master development.
Africa will need at least $125 billion in investment in oil refining through 2050, including funding for new projects, existing facilities and maintenance, an OPEC official said at African Energy Week 2026 in Cape Town, South Africa, as the continent's oil demand is projected to outpace refining capacity, said a report.
Miral has appointed Emirati cultural and environmental advocate Ali Al Saloom as Conservation Ambassador for IMPACT by Miral, strengthening its efforts to raise awareness of the UAE’s natural heritage and encourage community participation in conservation initiatives.
Africa will need at least $125 billion in investment in oil refining through 2050, including funding for new projects, existing facilities and maintenance, an OPEC official said at African Energy Week 2026 in Cape Town, South Africa, as the continent's oil demand is projected to outpace refining capacity, said a report.
Batelco by Beyon, a leading provider of innovative telecommunications and digital services in Bahrain, said it has become the first telecom company in the kingdom to offer Protect+, its new device protection offering with AppleCare Services. Protect+ provides comprehensive coverage and expert support for eligible Apple devices.
The Gulf is one of the most active investment regions in the world. Diversification efforts have opened sectors from logistics and healthcare to technology, energy and financial services, and international capital has followed. But deals in the region rarely stall over price – they stall over process, timing and people. Investors who understand this early tend to close faster and build stronger partnerships.
UAE-based Samana Developers has launched its new real estate brand, Samana Collecta, thus marking its expansion into a lifestyle-led development. Built around a 'life first' philosophy, Samana Collecta is set to develop its debut venture, a AED4 billion ($1.08 billion) project, at The World Islands.
The Organising Committee of the 46th ICMM World Congress of Military Medicine – Abu Dhabi 2026 has announced the confirmed scientific programme and the opening of registration for the event.
The Mohammed Bin Rashid School of Government (MBRSG) has celebrated the graduation of the 13th cohort of its Master’s degree programmes.
LG Electronics (LG) has announced a strategic distribution agreement with Al Mulla Group to strengthen its market presence and enhance product availability across Kuwait.
UAE-based Mashreq, a leading financial institution in the Mena region, has successfully priced its inaugural CNH 1 billion three-year senior unsecured Dim Sum bond at a fixed coupon of 2.50%, marking the bank's first public issuance in the offshore renminbi market.
Roads and Transport Authority (RTA) has launched the trial operation of the Dubai Glydways automated transit system at a premium retail destination in the emirate - Bluewaters. The system uses autonomous electric vehicles supported by artificial intelligence technologies, operating on dedicated guideways.
ARTDOM Riyadh 2026, originally scheduled to take place on October 20 and 21 at KAFD Conference Center, Riyadh, has been postponed to 2027.
Security tensions in the Middle East have intensified following the reported sinking of two cargo ships near the Strait of Hormuz, declining oil shipments through the strategic waterway and reports that the US is preparing additional strike options against Iran.
